S 2759
114th Congress
Senate
Taxation
Health care costs and insurance
Income tax credits
Long-term, rehabilitative, and terminal care
Credit for Caring Act of 2016
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 7, 2016
Read twice and referred to the Committee on Finance.
Apr 7, 2016
Introduced in Senate
Plain-English summary
Credit for Caring Act of 2016
This bill amends the Internal Revenue Code to allow an eligible caregiver a new tax credit for 30% of the cost of long-term care expenses that exceed $2,000, up to $3,000 in a taxable year. The bill defines "eligible caregiver" as an individual who pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs and who has earned income for the taxable year in excess of $7,500.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1